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AV-Cables

Large Danish electronics retailer sold to Swedish retail chain

 

Case

Large Danish electronics retailer sold to Swedish retail chain

The Danish business AV-Cables has been sold to the Swedish electronics chain Kjell & Company.

AV-Cables is one of Denmark’s largest online retailers of electronics accessories.

AV-Cables was formed in 2006 by Christian Damgaard Møller who is now transferring all his shares in the business. He will continue as CEO of AV-Cables after the sale, and AV-Cables will continue as a separate brand.

Kjell & Company has an annual revenue of approx. DKK 2bn. The chain has 120 stores in Sweden and Norway and also has substantial online sales.

The acquisition will enable AV-Cables to accelerate growth even further, and several synergies may also be exploited between the two companies.

Accura advised the seller in connection with the transaction.